1 unchanged sentence
The Board has adopted a share and notes repurchase plan.
−Removed: On March 26, 2020, the Board of Directors extended the share repurchase plan to June 30, 2021, and increased the number of shares authorized to be repurchased to 5.0 million Class A ordinary shares or securities convertible into Class A ordinary shares in the open market, through privately negotiated transactions or Rule 10b5-1 stock trading plans.
−Removed: In addition, the Board of Directors also authorized the Company to repurchase up to $25.0 million aggregate face amount of the Company’s 4.00% Convertible Senior Notes due 2023 (the “Notes”) in privately negotiated transactions, in open market repurchases, or pursuant to one or more tender offers.
+Added: Our Board of Directors had previously extended the share repurchase plan to June 30, 2021, and the authorized repurchase of up to 5.0 million Class A ordinary shares or securities convertible into Class A ordinary shares in the open market, through privately negotiated transactions or Rule 10b5-1 stock trading plans.
+Added: In addition, the Board of Directors had also authorized the Company to repurchase up to $25.0 million aggregate face amount of the Company’s 4.00% Convertible Senior Notes due 2023 (the “Notes”) in privately negotiated transactions, in open market repurchases, or pursuant to one or more tender offers.
On May 4, 2021, the Board of Directors approved a share repurchase plan effective from July 1, 2021 until June 30, 2022 authorizing the Company to purchase up to $25 million of Class A ordinary shares or securities convertible into Class A ordinary shares in the open market, through privately negotiated transactions or Rule 10b5-1 stock trading plans.
The Company is not required to repurchase any of the Class A ordinary shares or Notes and the repurchase plans may be modified, suspended or terminated at the election of our Board of Directors at any time without prior notice.
−Removed: There were no repurchases of Class A ordinary shares or Notes during the three months ended March 31, 2021.
+Added: There were no repurchases of Notes during the three months ended June 30, 2021.
+Added: The table below details the share repurchases that were made under the plan during the three months ended June 30, 2021:
+Added: Issuer Purchases of Equity Securities
+Added: Period Total Number of Shares Purchased (1) Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (1) Maximum Number of Shares that May Yet Be Purchased Under the Plans or Programs (1) (2)
+Added: April 1 - 30, 2021 — $ — — 2,452,903
+Added: May 1 - 31, 2021 246,823 $ 9.29 246,823 2,206,080
+Added: June 1 - 30, 2021 478,310 $ 9.31 478,310 1,727,770
+Added: Total 725,133 $ 9.30 725,133
+Added: (1) Class A ordinary shares.
+Added: (2) While 1,727,770 shares remained available under the plan at June 30, 2021, the share repurchase plan expired on June 30, 2021 and a new share repurchase plan took effect on July 1, 2021 as further described above.
+Added: Return to table of contents
DEFAULTS UPON SENIOR SECURITIES
2 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.